Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Strong Trading Volume – Time to Buy?

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) shares saw strong trading volume on Monday . 86,594 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 149,935 shares.The stock last traded at $92.87 and had previously closed at $92.98.

Aberdeen Standard Physical Platinum Shares ETF Stock Down 0.8 %

The stock has a fifty day moving average of $88.56 and a 200-day moving average of $89.40.

Institutional Trading of Aberdeen Standard Physical Platinum Shares ETF

A number of large investors have recently made changes to their positions in PPLT. Brown Financial Advisors acquired a new position in shares of Aberdeen Standard Physical Platinum Shares ETF during the 2nd quarter worth about $31,000. Blue Trust Inc. purchased a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF in the 3rd quarter valued at about $64,000. Mechanics Financial Corp acquired a new stake in shares of Aberdeen Standard Physical Platinum Shares ETF in the 2nd quarter valued at about $91,000. Mattson Financial Services LLC purchased a new position in Aberdeen Standard Physical Platinum Shares ETF during the 2nd quarter worth approximately $150,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Aberdeen Standard Physical Platinum Shares ETF during the second quarter worth approximately $218,000.

About Aberdeen Standard Physical Platinum Shares ETF

The abrdn Physical Platinum Shares ETF (PPLT) is an exchange-traded fund that is based on the Platinum London PM Fix index. The fund tracks the platinum spot price, less trust expenses, using platinum bullion. PPLT was launched on Jan 8, 2010 and is managed by Abrdn.